Ram Technology Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-8,366	-2,557	-2,869	6,059	3,161
Depreciation & Amortization	3,240	3,264	2,254	2,166	2,376
Loss (Gain) From Sale of Assets	-6.59	547.46	1,141	258.81	52.88
Asset Writedown & Restructuring Costs	6,183	-	-	-	-
Loss (Gain) From Sale of Investments	-0.03	-	-	-	-
Stock-Based Compensation	-	-	6.03	29.48	36.7
Provision & Write-off of Bad Debts	-4.92	12.02	41.11	36.15	7.53
Other Operating Activities	-39.72	-324.07	-2,553	1,919	2,643
Change in Accounts Receivable	297.06	-1,199	2,703	-367.93	-2,174
Change in Inventory	6,844	-1,605	-661	-5,075	-2,529
Change in Accounts Payable	-817.11	-417.26	-463.14	711.63	280.98
Change in Income Taxes	-1.03	-	-	-	-
Change in Other Net Operating Assets	816.29	-129.78	321.04	-1,697	-501.87
Operating Cash Flow	8,145	-2,408	-79.94	4,040	3,353
Operating Cash Flow Growth	-	-	-	20.47%	-42.25%
Capital Expenditures	-15,107	-9,963	-12,102	-6,186	-2,230
Sale of Property, Plant & Equipment	9.41	42.32	53.5	76.7	-
Sale (Purchase) of Intangibles	-178.07	-22.36	-	-	-
Investment in Securities	-485.46	-3,973	2,395	-4,215	-
Other Investing Activities	1,374	-209.73	-236.58	20.21	-428.91
Investing Cash Flow	-14,403	-14,126	-10,061	-10,392	-2,659
Long-Term Debt Issued	26,591	42,080	33,931	21,022	14,931
Long-Term Debt Repaid	-21,472	-29,455	-20,138	-15,372	-17,177
Net Debt Issued (Repaid)	5,119	12,625	13,793	5,650	-2,246
Issuance of Common Stock	-	-	525.91	-	-
Other Financing Activities	70	30	-32.71	-	0
Financing Cash Flow	5,189	12,655	14,286	5,650	-2,246
Foreign Exchange Rate Adjustments	6.85	349.14	-230.97	-232.33	301.94
Net Cash Flow	-1,062	-3,529	3,915	-934.22	-1,250
Free Cash Flow	-6,962	-12,371	-12,182	-2,146	1,124
Free Cash Flow Margin	-16.31%	-27.80%	-28.35%	-3.20%	2.31%
Free Cash Flow Per Share	-486.83	-866.06	-863.46	-153.48	83.86
Cash Interest Paid	2,309	1,846	1,153	389.91	310.43
Cash Income Tax Paid	962.71	576.39	1,437	587.31	80.18
Levered Free Cash Flow	-6,738	-12,731	-12,493	-5,836	1,197
Unlevered Free Cash Flow	-5,676	-11,210	-11,245	-5,036	1,847
Change in Working Capital	7,140	-3,351	1,900	-6,428	-4,924

Source: S&P Global Market Intelligence. Standard template. Financial Sources.